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Same, only recently returned to even (at a price that I thought was a bargain at the time!). Copper is v strong and only going to rise. Dont believe anybody looking at a monthly chart can objectively conclude otherwise. Caml significantly underperformed to date. Will be disappointed if this doesn't rise to £2.8 over next 6 months
I’ve broken even again on caml so from now onwards we are in the blue and i’ve had plenty of divi payments. copper has a huge future, just next enough of it
i’ll hold caml two more months and then sell before market falls apart we have a commodity bull to come
If you want to see the potential of Copper and Copper Companies over the next few years, take a look at Capstone Copper (CS) on TSX. They're bringing new mines online, and now have a lot of Australian investors. Look at the performance of the SP over the last 6 months.
You don't need to ramp Copper. It has a hell of a future.
...and suggesting caution with CAML is unfair. It very well managed and pays an excellent dividend consistently.
Pedro- I would not trust Golman Sachs . I would advise caution with this stock. Stop ramping …
Copper with coffee is going parabolic
Https://www.forexlive.com/news/why-goldman-sachs-boosted-its-copper-forecast-to-12000-from-10000ton-20240506/
Goldman Sachs has been unabashedly bullish copper this year and they've been rewarded by a strong copper rally so far in 2024.
They're now boosting their year-end forecast for LME copper to $12,000/ton, a 21% rise from current prices and they continue to see another 50% gain (on average) in 2025. Those forecasts would roughly correspond to $5.40/lb this year and $6.75 next year.
CU now $4.60 per lb
ATH not far away
Sliver and lead probably not far behind so the cash flow Q3 onwards for a period i think will be through the roof.
That is what I thought so somewhat surprised see all the sales.
Lots of press over the weekend suggesting a supply gap as big as a 1/3 in the Copper market.
Can only be good for CAML and us.
anyone else see the crescat weekly presentation today(260424)?
in the later third of the discussion(*****on hennigh), mention of a company/technology that could significantly increase recovery from heap leach.
imediately made me think of kounrad and it's possible application there. potentially increasing the overal recovery of metal there and extending it's life a bit could make a big difference to caml. the difference of managing to recover say 80% of the metal from the site rather than 60% would be a rather positive surprise.
obviously i have no idea how effective it actually is.. but sounds like they are working with a couple of sizeable copper producers(freeport and anglo mentioned).
The Ex Date was yesterday the 25th and the record date is today the 26th.
On the register the end of play before ex divi so yesterday.
I thought you had to be on the register at the end of ex-div day to be eligible ?
That is not entirely accurate Spurley, ex dividend means the date in which new holders are not entitled to the next dividend payment, eg the one that will take place in May.
Nonsense. If you held the shares at the close of the day before ex-div you will get the dividend.
Lawstudent 95 ExDividend is short for Excluding Dividend , so no you will not receive the Dividend .
If you sell on ex dividen date, you still get the dividend right?
CAML goes ex-divi tomorrow with the 9p paid on May 22nd.
Must be on their radar, one would think.
Please
Look at the copper price! Caml will catch up soon , copper is going crazy!
CU now $4.41 per lb
Global copper market participants will descend upon the Chilean capital of Santiago for the annual CESCO Week industry gathering.
https://www.fastmarkets.com/insights/five-key-talking-points-ahead-of-cesco-week-2024/
Copper is trading at its highest since the middle of 2022, up 10% so far this year, fuelled by supply risks and improving demand prospects for metals used in the green energy transition. The main catalyst for copper’s rally is the unexpected tightening in the global mine supply, most notably First Quantum’s mine in Panama, which has removed around 4000,000 tonnes of the metal from the world’s annual supply.